The world’s four largest oil giant debt of up to $184 billion doubled in two years t6670

The world’s four largest oil giant debt of $184 billion for two years to double source: Oriental IC in dealing with the two years of bear market prices, the global oil giants to pay a high price. Local time on August 24th, the "Wall Street journal" reported that, as of now, the world’s four largest oil giant Exxon Mobil (Exxon Mobil, Corp., NYSE:XOM), Shell (Royal Dutch Shell PLC, RDS A), British Petroleum (BP PLC, hereinafter referred to as BP) and Chevron (Chevron Corp., CVX) net debt of $184 billion this value, more than doubled in 2014. Photograph: the Wall Street journal, which began in the middle of the 2014, brought international oil prices down from a high of $100 a barrel, eventually bottoming out at $27 a barrel earlier this year. Since then, oil prices began to pick up, but still hovering at $50 / barrel level. Rising levels of debt for the four oil giants are a direct result of the two-year oil crisis. Just ten years ago, they are constantly being asked to explain the cause of the Congress, and now even the cash flow to maintain the daily operation is difficult to do, forced to borrow. Giants said that the current high level of debt is only temporary, with the rise in oil prices will decline. However, the giant oil prices rebounded sharply seems to be difficult to achieve in a short period of time, the current global oil supply surplus situation is still quite serious. In the past two years, the organization of Petroleum Exporting Countries (hereinafter referred to as OPEC) to defend their market share on the grounds of competing to increase production. According to August 10th OPEC released the latest monthly report, July oil production reached 33 million 100 thousand barrels, nearly 2 million barrels higher than the average daily volume in 2015. OPEC official confirmed that the organization’s oil production in July reached the highest point in history. August 24th, the U.S. Energy Information Administration (EIA) released data show that as of the week of August 19th, EIA crude oil inventories increased by 2 million 501 thousand barrels, is expected to decrease by 1 million barrels. The current oil giant debt management practices may further aggravate the oversupply situation. Guinness Atkinson Asset Management Co manager Jonathan Waghorn believes that the current oil giant spending is not enough to raise oil production. The company responsible for the management of a series of more than $400 million in energy fund, Exxon, BP, Mobil holding Chevron and Shell shares at the same time. The big four executives were assured investors that they will be in 2017 to generate sufficient cash flow to pay for new investment and dividends, but there are still some shareholders skeptical that debt may directly affect their dividend payments and the expansion ability. Michael Hulme, chief executive of Carmignac, believes that oil prices could not sustain the current dividend when the oil price was $50, or $-60, because it was unsustainable. The fund manages asset size 5.相关的主题文章：